Veritiv Target Price Odds to finish below 32.45

Current Price

Horizon

Target Price

Above Odds

Below Odds

38.70

30 days

32.45

about 41.72%

about 58.18%

Based on normal probability distribution, the odds of Veritiv to drop to $ 32.45 or more in 30 days from now is about 58.18%. Probability of Veritiv price to stay between $ 32.45 and its current price of $38.7 at the end of the 30-day period is about 29.68%.

Given the investment horizon of 30 days, Veritiv Corporation has beta of -0.7092 . This entails as returns on benchmark increase, returns on holding Veritiv are expected to decrease at a much smaller rate. During bear market, however, Veritiv Corporation is likely to outperform the market. In addition to that Veritiv Corporation has an alpha of 2.449844580272727 implying that it can potentially generate 2.449844580272727% excess return over DOW after adjusting for the inherited market risk (beta).